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QatarEnergy Signs $6bn Deal with China Shipbuilder

Business QatarEnergy Signs $6bn Deal with China Shipbuilder

QatarEnergy Signs $6bn Deal with China Shipbuilder

A Chinese ship-building giant will construct 18 huge gas carriers for QatarEnergy under a $6 billion deal the Gulf firm announced on Monday, hailing it as the…

Asharq Al Awsat
Business

UAE, Ukraine Conclude Talks on Bilateral Trade Deal

The United Arab Emirates and Ukraine have completed negotiations for a bilateral trade deal, according to a joint statement released on Monday, ahead of its…

Asharq Al Awsat (Abu Dhabi)
Business

IsDB Meetings in Riyadh Earmark $400 Million to Fund African States

The International Islamic Trade Finance Corporation (ITFC) signed on Sunday agreements worth $440 million to finance African countries. The World Bank had…

Asharq Al Awsat (Riyadh)
Business

Saudi Space Agency to Launch Center for Space Futures with World Economic Forum

The World Economic Forum has signed an agreement with the Saudi Space Agency to establish the Center for Space Futures, set to open this autumn. The center,…

Asharq Al Awsat (Riyadh)
Business

GCC Secretary-General to Asharq Al-Awsat: Gulf States Advancing Unified Tourist Visa

Gulf Cooperation Council Secretary-General Jassim Al Budaiwi confirmed that GCC nations are working towards introducing a unified Gulf visa for global…

Mosaed al-Zayani (Riyadh)

Business

Leaders in Riyadh Forge Policies Safeguarding Global Economy from Shocks

The bustling scene in Saudi Arabia is echoing the triumph of its economic overhaul under the national transformation plan, “Vision 2030.” As the world…

Hala Saghbini (Riyadh) Mosaed al-Zayani (Riyadh)
Business

Saudi Energy Minister, EU Official Discuss Energy and Clean Tech Cooperation

Saudi Minister of Energy Prince Abdulaziz bin Salman Al-Saud and European Commissioner for Energy Kadri Simson have met on the sidelines of the World Economic…

Asharq Al Awsat (Riyadh)
Business

Türkiye in Talks with ExxonMobil over Natural Gas Deal

Türkiye is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on…

Asharq Al Awsat (London)
Business

NEOM Secures SAR10 Billion Financing Facility as Development Powers ahead

Saudi Arabia’s NEOM announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion. It represents another milestone for…

Business

WEF President Highlights Saudi Arabia's Development, Economic Ambition

President of the World Economic Forum (WEF) Borge Brende expressed on Sunday his appreciation to the government of Saudi Arabia for hosting the WEF's special…

Business

Al-Jadaan: Saudi Arabia Committed to Achieving Progress, Prosperity to Build Sustainable Future

Saudi Minister of Finance Mohammed Al-Jadaan said the annual meetings of the Islamic Development Bank Group, which kicked off in Riyadh on Saturday, under the…

Business

Dubai Plans to Move Its Busy International Airport to a $35 Billion New Facility within 10 Years

Dubai International Airport, the world's busiest for international travel, will move its operations to the city-state's second, sprawling airfield in its…

Business

Energy Minister: Saudi Arabia Prepared to Partner with Everyone to Transport Hydrogen

Saudi Energy Minister Prince Abdulaziz bin Salman expressed on Sunday the Kingdom’s readiness to partner with everyone to supply the world with all types of…

Business

WEF in Saudi Arabia Seeks to Redraw Paths of Development

The Saudi capital is hosting on Sunday the first global meeting of the World Economic Forum, under the patronage of Prince Mohammed bin Salman, Crown Prince…

Hala Saghbini (Riyadh)
Business

Saudi Economy Minister: Riyadh WEF Special Meeting is a ‘Unique Opportunity’ to Reshape Development

Saudi Minister of Economy and Planning Faisal bin Fadhil Alibrahim has said the World Economic Forum's (WEF) special meeting in Riyadh presents a vital chance…

Asharq Al Awsat (Riyadh)
Business

Aramco, Rongsheng Explore New Opportunities in Saudi Arabia and China

Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Company (“SASREF”) with Chinese partner Rongsheng Petrochemical Co…

Asharq Al Awsat (Dhahran)
Business

Finance Minister: Germany Needs an Economic Turnaround

Germany needs an economic turnaround in order to secure its geopolitical position, German Finance Minister and head of the Free Democrats FDP Christian Lindner…

Asharq Al Awsat

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Business

EWEC Announces Partners to Develop 1.5GW Solar Project in Abu Dhabi

EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity…

Asharq Al Awsat (Abu Dhabi)
Business

Ministers: Saudi Arabia Continues its Transformational Journey at Accelerated Pace

Ministers and officials in the Saudi government said that the Kingdom is continuing its comprehensive transformational journey at an accelerated pace since the…

Asharq Al Awsat (Riyadh)
Business

Saudi Vision 2030: Historic Economic Transformation through Diversity, Growth  

Custodian of the Two Holy Mosques, King Salman bin Abdulaziz stressed that Saudi Arabia is making major and lasting progress with its Vision 2030 national…

Asharq Al Awsat (Riyadh)
Business

Azour to Asharq Al-Awsat: Political Developments Put Pressure on the Region’s Economies

The Director of the Middle East and Central Asia office at the International Monetary Fund (IMF), Dr. Jihad Azour, said that geopolitical developments are…

Hala Saghbini (Riyadh)
Business

Gold on Track for First Weekly Dip in Six; Focus on US Inflation Data

Gold inched up on Friday ahead of a key US inflation report, but prices were on track for their first weekly drop in six weeks on easing concerns of a major…

Asharq Al Awsat
Business

Morocco Tenders for 400 MW Wind Farm 

Morocco's renewable energy agency Masen launched a pre-qualification tender on Thursday for a 400-megawatt wind project in the country's north. The tender…

Business

ByteDance Says 'No Plans' to Sell TikTok after US Ban Law

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform…

Asharq Al Awsat
Business

World Bank: Middle East Tensions Threaten to Increase Global Inflation

Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it…

Asharq Al Awsat (Washington)
Business

Türkiye Cenbank Holds Rates at 50% Citing Last Big Hike

Türkiye's central bank kept its main interest rate steady at 50% on Thursday as expected, citing a big tightening in financial conditions since its last hike,…

Asharq Al Awsat
Business

Oil Steady as Market Weighs US Demand Concerns, Mideast Conflict Risks

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the US, the world's biggest oil user, contended…

Asharq Al Awsat
Business

IMF Opens Regional Office in Riyadh to Strengthen Partnership with Middle Eastern Countries

The International Monetary Fund (IMF) has inaugurated its regional office in Riyadh with the aim to strengthen partnership with countries in the Middle East…

Asharq Al Awsat (Riyadh)
Business

Saudi Trade Balance Records Monthly Surplus of 13% in February

Data from the Saudi General Authority for Statistics (GASTAT) showed that the trade balance surplus rose by 13 percent, in February, to SAR32 billion ($8.5…

Asharq Al Awsat (Riyadh)